LUCID GROUP INC.
-
USD
(-)
- 15 min delayed data - NASDAQ Stocks
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Stocks |
| Ticker: | LCID |
| ISIN: |
LUCID GROUP INC. - 1H - Technical analysis published on 10/20/2024 (GMT)
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- 10/20/2024 - 11:39
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- Timeframe : 1H
- - Analysis generated on 10/20/2024 - 11:39
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 2.65 USD
My targets
2.49 USD (-5.32%)
My analysis
LUCID GROUP INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.65 USD. The next support located at 2.49 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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This analysis was given by Jaber300. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LUCID GROUP INC. rating is 2.63 USD. The price registered a decrease of -2.23% on the session with the lowest point at 2.55 USD and the highest point at 2.72 USD. The deviation from the price is +3.14% for the low point and -3.31% for the high point.2.55
2.72
2.63
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of LUCID GROUP INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.49 | 2.63 | 2.65 | 2.90 | 3.26 |
| Change (%) | -5.32% | - | +0.76% | +10.27% | +23.95% |
| Change | -0.14 | - | +0.02 | +0.27 | +0.63 |
| Level | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.38 | 2.46 | 2.55 | 2.63 | 2.72 | 2.80 | 2.89 |
| Camarilla | 2.58 | 2.60 | 2.61 | 2.63 | 2.65 | 2.66 | 2.68 |
| Woodie | 2.38 | 2.46 | 2.55 | 2.63 | 2.72 | 2.80 | 2.89 |
| Fibonacci | 2.46 | 2.53 | 2.57 | 2.63 | 2.70 | 2.74 | 2.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.46 | 2.00 | 2.32 | 2.86 | 3.18 | 3.72 | 4.04 |
| Camarilla | 2.39 | 2.47 | 2.55 | 2.63 | 2.71 | 2.79 | 2.87 |
| Woodie | 1.34 | 1.95 | 2.20 | 2.81 | 3.06 | 3.67 | 3.92 |
| Fibonacci | 2.00 | 2.33 | 2.54 | 2.86 | 3.19 | 3.40 | 3.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.26 | 2.82 | 3.17 | 3.73 | 4.08 | 4.64 | 4.99 |
| Camarilla | 3.28 | 3.36 | 3.45 | 3.53 | 3.61 | 3.70 | 3.78 |
| Woodie | 2.17 | 2.77 | 3.08 | 3.68 | 3.99 | 4.59 | 4.90 |
| Fibonacci | 2.82 | 3.16 | 3.38 | 3.73 | 4.07 | 4.29 | 4.64 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 18.45 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -34.34 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 2.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.79 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 2.82 | |
| Zig ZAG (10): | 2.63 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 14.95 | |
| TEMA (21): | 2.52 | |
| Williams %R (14): | -77.14 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -0.3800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7900 | |
| Courbe Coppock: | 32.58 |
| MA7: | 3.13 | |
| MA20: | 3.33 | |
| MA50: | 3.51 | |
| MA100: | 3.27 | |
| MAexp7: | 2.65 | |
| MAexp20: | 2.83 | |
| MAexp50: | 3.06 | |
| MAexp100: | 3.23 | |
| Price / MA7: | -15.97% | |
| Price / MA20: | -21.02% | |
| Price / MA50: | -25.07% | |
| Price / MA100: | -19.57% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -7.07% | |
| Price / MAexp50: | -14.05% | |
| Price / MAexp100: | -18.58% |
Quotes :
10/18/2024 - 19:59
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15 min delayed data
-
NASDAQ Stocks
News
Don't forget to follow the news on LUCID GROUP INC.. At the time of publication of this analysis, the latest news was as follows:
- 10/28/2021 - 13:00 Lucid to Report Third Quarter Fiscal Year 2021 Financial Results on Monday, November 15, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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